Business Standard - November 18, 2024

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November 18, 2024

₹ may depreciate to 84.5/$ by Dec-end

The Indian rupee is likely to depreciate further against the US dollar through the end of 2024.

2 mins

Laptop import cut in the works; govt wants no supply disruption

As the Union government explores ways to restrict import of laptops and other electronic devices starting with a 5 percent reduction from the current level, it is working to ensure that there's no supply disruption in India even if an import cap is introduced, it is learnt.

3 mins

Global footwear majors put best foot forward in TN

Suppliers of brands like Nike, Adidas, Puma, New Balance, and Reebok are betting big on Tamil Nadu as a manufacturing hub | This may see an investment of ₹4,000 crore and create an addition of 50,000 jobs too

2 mins

Startup funding picks up after 3-year slump

Sees 10% funding rise in 2024 so far

2 mins

FMCG firms feel the urban pinch in Q2

Even as rural markets continued to recover, urban markets became a challenge for fast-moving consumer goods (FMCG) companies in the July-September quarter (Q2) of 2024-25 (FY25).

1 min

Anil Ambani's group sets up centre to drive 2030 growth strategy

As part of its 'Vision 2030' growth strategy, Anil Ambani's Reliance Group has formed a corporate centre for expansion, innovation and nurturing the next generation of leaders.

1 min

Over 40% sedans now run on CNG; petrol loses share

Over 40 per cent of sedans sold in India now run on CNG as consumers prefer cleaner fuels, and use cars for business purposes, according to data collated by global data and analytics firm Jato Dynamics.

3 mins

Swedish firm Getinge eyes bigger share of hospital tech market

Getinge, a Swedish health care company with over two decades of presence in India, is positioning itself for significant growth across segments of the health care industry, including in the premium ventilator market.

1 min

PV retail sales to sustain momentum in Q3: TaMo

Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive.

1 min

Record $2 bn: Smartphone exports ring louder in Oct

In 7 months of FY25, outbound shipments breach $10 bn on the back of iPhones

1 min

Tata, Pegatron seal deal for iPhone plant in Tamil Nadu

Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters.

1 min

Cooling solutions as a service hots up as Tata, Adani make the switch

Both conglomerates will bear the capital expenditure

2 mins

India's annual temp may rise 1.5°C by 2057 if emissions stay moderate

India is set to experience drastic climate shifts, with annual maximum temperature projected to rise by 1.5 degrees Celsius (°C) by 2057 under moderate emission scenarios, while this rise in mercury could occur a decade earlier in case of high emissions, a report by Azim Premji University revealed on Sunday.

1 min

Rio declaration? Battle lines drawn over wars in Ukraine, West Asia

Geopolitics is expected to dominate the two-day G20 Leaders' Summit in Rio de Janeiro, beginning Monday under Brazil's presidency, with negotiators grappling to find a language acceptable to all member countries for a joint declaration.

2 mins

CBIC should do away with IGCRS Rules for EOU

The export-oriented units (EOUs) continue to struggle with various processes involved in complying with the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 (IGCRS Rules), mainly due to incompetence of the Central Board of Indirect Taxes and Customs (CBIC) and its online functionality, Indian Customs Electronic Gateway (ICEGATE).

2 mins

Conrad Sangma's NPP withdraws support to BJP govt in Manipur

Shah cancels Maha poll rallies, reviews security situation as violence continues

1 min

Manufacturing may drag Q2 GDP growth to six-qtr low

High-frequency indicators also reflect sluggish growth in the quarter

2 mins

India-Oman proposed FTA hits deadlock

The proposed free trade agreement (FTA) between India and Oman has hit a deadlock, as the West Asian nation has asked New Delhi to revise its market access offer on certain products.

1 min

Rupee outperforms Asian peers in November so far

RBI intervention has focused on limiting two-way volatility in USD-INR, rather than defending a level. From October to November 8, RBI has net sold $15.5 billion to smoothen the pace of depreciation in the rupee,

1 min

Kailash Gahlot quits AAP citing 'grave challenges'

Party says ED, CBI pressure forced move

1 min

PSBs set to launch MSME credit model this month

Loan assessed may be between ₹25 lakh and ₹5 crore by different banks

2 mins

BoI eyes HNIs to counter deposit woes

Part of bank's plan to set up a wealth management business by March 2026

1 min

In the grand scheme of things in Maharashtra...

How crucial is the Ladki Bahin Yojana for women in the state as rising costs and populist promises shape election decisions? AJINKYA KAWALE & PRACHI PISAL travel through Nashik, Jalna, Pune, and Solapur to find an answer

4 mins

Two alliances, 6 regions, and many fierce rivalries

Individual Dhasmana analyses regional dynamics, voter divides, and economic disparities in the regions crucial in the Assembly polls

4 mins

India, Germany up their game in Europe

From football and education to defence, the two countries are looking at deeper engagement in new areas, writes ADITI PHADNIS

4 mins

Israeli strike on Beirut kills Hezbollah spokesman

The main spokesman for Lebanon's Hezbollah militant group, Mohammed Afif (pictured), was killed in the first Israeli airstrike on central Beirut in over a month on Sunday, an official with the militant group told The Associated Press.

1 min

As climate talks cross halfway mark, distractions appear bigger than deals

World looks at G20 for breakthrough on climate finance

1 min

Russia hits Ukraine's energy infrastructure in 'massive' strike

Poland scrambles its air force; power outage at Ukraine's atomic plants

1 min

Xi vows to work with Trump as he meets Biden at Apec summit

CYBERCRIME, TRADE, TAIWAN, NORTH KOREA, RUSSIA ON AGENDA

2 mins

Trump picks 'climate sceptic' and fracking boss as energy secy

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in his upcoming administration.

1 min

Sri Lanka's vote for stability

India has a role to play in its economic recovery

2 mins

Deconstructing the 2024 polls

It is almost a ritual. After every general election since 2014, Rajdeep Sardesai has come out with a book trying to decode the mind of the Indian electorate.

4 mins

Efficient distribution

PDS must be reformed

2 mins

The spectre of inflation

The US election shows the conventional wisdom was right all along: Controlling inflation should be the primary focus of macro policy

4 mins

Markets: More dark clouds gather

The Indian stock markets have experienced a remarkable surge over the past four years, recovering from the depths of despair during the pandemic.

4 mins

No Band-Aid for consumption stocks as inflation cuts deep

QUADRUPLE BLOW: Festival flop, sluggish spending, job drought, and market correction impact consumption stocks

2 mins

Midcaps often misunderstood as being too risky

Every bull market attracts a new group of investors unfamiliar with volatility or market downcycles. NEELESH SURANA, chief investment officer at Mirae Asset Investment Managers (India), shares his insights with Puneet Wadhwa in an email interview on navigating uncertain market conditions. Edited excerpts:

2 mins

In the quiet of strategy, wealth finds its way

The Bandhan Core Equity Fund, launched in August 2005, has consistently ranked in the top 30th percentile of the largecap and midcap funds category in CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters, up to September 2024.

2 mins

No Band-Aid for consumption stocks as inflation cuts deep

TIDAL SHIFT: Anchoring strong in choppy seas, BAFs draw ₹2,456 crore amid equity ebb

1 min

Flatlining in the mist: Markets stuck as clarity evaporates

Equity markets entered correction territory last week, with the National Stock Exchange Nifty and broader market indices – Nifty Midcap 100 and Nifty Smallcap 100 – declining more than 10 per cent from their all-time highs.

1 min

Build equity-heavy portfolio to reach large target corpus

Diversify into global assets and gold to hedge against currency risk

3 mins

Limit RIA fees to 3% of household budget

NO FREE LUNCH

2 mins

Time to call for reset

Despite housing being a potentially appreciating asset, delinquencies are inching up in certain pockets.

4 mins

LOSS, DEBT, AND DISCOMS

As state discoms face another debt crisis, the suggestion to list them needs a close look

4 mins

Customer takes centre stage in this round of the battle

While the banking sector has improved its risk-management and underwriting skills to prevent bad loans, it needs to be innovative to mobilise deposits and keep the cost of money low

5 mins

Truth coming out: Modi on The Sabarmati Report

Prime Minister Narendra Modi said on Sunday that a fake narrative can persist only for a limited period of time, while referring to The Sabarmati Report, a movie on the Godhra train-burning incident of 2002, when he was the chief minister of Gujarat.

1 min

Defence, trade, and energy headline PM's talks with Nigeria President

India accords high priority to its strategic partnership with Nigeria, Prime Minister Narendra Modi said on Sunday as he held extensive talks with Nigerian President Bola Ahmed Tinubu that focused on shoring up bilateral ties in key sectors such as defence, trade, energy and agriculture.

1 min

Movie ticket sales tumble; Tamil films steal spotlight

The Indian film industry is having a difficult run in 2024, with box-office collections from January to October dropping 7 per cent year-on-year to ₹8,951 crore.

1 min

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